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OREO and Other Repossessed Assets
 12 Months Ended
Sep. 30, 2015
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]  
OREO and Other Repossessed Assets
OREO and Other Repossessed Assets

The following table presents the activity related to OREO and other repossessed assets for the years ended September 30, 2015 and 2014 (dollars in thousands):

 
2015
 
2014
 
Amount

 
Number

 

Amount

 
Number

Balance, beginning of year
$
9,092

 
40

 
$
11,720

 
47

Additions to OREO and other repossessed assets
2,120

 
12

 
6,108

 
29

Capitalized improvements
3

 
—

 
47

 
—

Lower of cost or estimated fair value losses
(644
)
 
—

 
(605
)
 
—

Disposition of OREO and other repossessed assets
(2,717
)
 
(17
)
 
(8,178
)
 
(36
)
Balance, end of year
$
7,854

 
35

 
$
9,092

 
40



At September 30, 2015, OREO and other repossessed assets consisted of 34 OREO properties and one other repossessed asset in Washington, with balances ranging from $6,000 to $1,091,000.  At September 30, 2014, OREO consisted of 40 OREO properties in Washington, with balances ranging from $6,000 to $1,203,000.  The Company recorded net gains on sales of OREO and other repossessed assets of $110,000, $169,000, and $264,000 for the years ended September 30, 2015, 2014 and 2013, respectively. Gains and losses on sales of OREO and other repossessed assets are recorded in the OREO and other repossessed assets, net category in non-interest expense in the accompanying consolidated statements of income.